Lloyds TSB Bank to Price 8-Year Covered Bond At Swaps +1.45 Area

16th Jun 2010 08:50

LONDON (Dow Jones)--The U.K.'s Lloyds TSB Bank has set price guidance on its eight year, euro-denominated, U.K.-regulated covered bond in the area of 145 basis points over mid-swaps, one of the lead managers on the deal said Wednesday. BNP Paribas SA, HSBC Holdings Plc, Lloyds and Unicredit SpA are lead managers of the deal, which is expected to launch and price later Wednesday with a coupon of around 4%. -By Michael Wilson, Dow Jones Newswires; 44 20 7842 9349, [email protected] (END) Dow Jones Newswires June 16, 2010 03:50 ET (07:50 GMT)